14.04.2021

New opportunities for Estonian businesses have emerged during the Covid-19 crisis as global supply chains get shorter and become more regional, said Governor of Eesti Pank Madis Müller at a conference on economic security on Wednesday.

He said there is a global trend above all in... more

06.04.2021
The mood of optimism that prevailed around the world at the start of the year has cooled. It was hoped at the start of the year that the arrival of new vaccines would give effective and immediate help in defeating the Covid-19 pandemic, but unfortunately there were almost immediately problems... more
30.03.2021

The latest economic forecast from Eesti Pank expects the recovery of the Estonian economy will be delayed until the second half of the year, but the recovery will be faster. The central bank estimates there will be two sources of growth in the second half of the year as the restrictions on... more

01.03.2021
Kaspar Oja Economist at Eesti Pank

Estonian GDP was 1.2% smaller in the fourth quarter of last year than it was a year earlier. Growth was reined back by branches of the economy that were subject to restrictions, such as accommodation, food service and entertainment. GDP... more

18.12.2020
A second wave of the coronavirus has pushed the global economy back into recession in the final third of the year. After the outbreak of the disease in spring faded and restrictions were eased, the global economy recovered quite strongly. The global purchasing managers index still showed in early... more
16.12.2020

The latest economic forecast from Eesti Pank expects the Estonian economy to recover from the crisis in 2021 and to return to where it was before the crisis in the second half of next year. The outlook for the Estonian economy is uncertain though, as the pandemic remains impossible to predict... more

30.11.2020
Kaspar Oja Economist at Eesti Pank

Data from Statistics Estonia put Estonian GDP down 1.9% over the year in the third quarter, but up 3.3% on the previous quarter. This performance is better than that outlined in the baseline forecast scenario and is closer to that in the... more

19.11.2020

Governor of Eesti Pank Madis Müller said in a presentation at a conference on accounting on Thursday that the second wave of the pandemic crisis will cause new uncertainty in the economy, which means that rather than increasing its fixed costs, the state should be flexible in the coming year and... more

07.10.2020
The spread of the coronavirus from the start of the year had a major impact on the performance of the Estonian economy and of the economy of the whole world. Although the economic decline in many countries was less than was forecast at the first peak of the crisis, the economy of the euro area... more
30.09.2020

Governor of Eesti Pank Madis Müller spoke at the Äriplaan 2021 economic conference on Tuesday, where he said that although the Estonian economy has outperformed expectations so far, the uncertainty caused by the outbreak of the coronavirus means that both businesses and the government need to... more

Subscribe to Keyword: economic growth
Subscribe to Keyword: economic growth